Fatih Birol - International Energy Agency


Last quote by Fatih Birol

If we see the prices go up as a result of any push from the producer ...we will see more oil coming to the market, not just from the U.S.; we will also see Brazilian and Canadian oil coming to the market.feedback
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Mar 31 2017 OPEC
Fatih Birol has been quoted 33 times. The one recent article where Fatih Birol has been quoted is The world’s fastest-growing major economy is thirsty for more oil. Most recently, Fatih Birol was quoted as having said, “It is not only oil. It is coal. It is solar. It is out of the strong growth in the economy and the population growth.”.
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Fatih Birol quotes

If prices are pushed up towards $60 we will see within nine months a strong response from U.S. shale production putting oil in the market.feedback

This is the first time in the history of oil that investments are declining three years in a row.feedback

Our analysis shows we are entering a period of greater oil price volatility (partly) as a result of three years in a row of global oil investments in decline: in 2015, 2016 and most likely 2017.feedback

We are seeing shale oil at around $60 or so, for a big chunk of it to be profitable, and we may well see it come to the market and provide more oil to the markets.feedback

We see clear winners for the next 25 years – natural gas but especially wind and solar – replacing the champion of the previous 25 years, coal.feedback

Limiting carbon emissions and changing our energy systems is a monumental challenge. But the IEA is working with governments around the world to help identify solutions and show how it can be done.feedback

We just told the entire world last week that the renewable electricity capacity now took over coal and became the number one source of electricity capacity in the world.feedback

Even these higher expectations remain modest compared with the huge untapped potential of renewables.feedback

When you look at the consumption side, it is very important to see what kind of impact the fuel economy measures, energy efficiency measures, affect the demand and supply.feedback

One of the major reasons… is because cars are becoming much more efficient than in the past: for... 100 kilometers, they use less oil and they are much more efficient now, compared to a few years ago.feedback

And it will be even more so in the next years to come because there are many countries growing, such as India, such as (countries in) South East Asia, they have not yet set the fuel economy standards, efficiency standards.feedback

We have seen two years in a row in 2015 and 2016 oil investments declining. This would mean oil security and oil markets may face a challenge as a result of a huge drop in the investments in a very few years in the medium term.feedback

We may be on a higher side compared to others (forecasts), this is mainly because we're more upbeat when it comes to Europe and emerging Asia demand in demand growth.feedback

Several years ago renewables were considered to be a romantic story but now it's becoming a business. A lot of gas is coming to markets ... and this creates a historic opportunity to push for flexibility in gas contracts, especially destination clauses.feedback

Oversupply of oil markets will gradually be eased and (oil markets) will find a balance between supply and demand in 2017.feedback

This is completely peanuts. With a seven percent increase you can save over three million lives.feedback

It was misleading to believe that there would be a huge amount of new Iranian crude and natural gas production entering the market in the short term.feedback

The new figures confirm last year's surprising but welcome news: we now have seen two straight years of greenhouse gas emissions decoupling from economic growth. Coming just a few months after the landmark (climate) agreement in Paris, this is yet another boost to the global fight against climate change.feedback

What we would like to see is, after a big decline in 2015 and 2016, there will be a rebound in investments (in 2017), and bringing (investments) to the level of $600 billion once again.feedback

Giving the wrong signal to Middle East producers may well delay investment. If we want Middle East oil in 2020, the investments need to be made by now.feedback

Due to the limited resource base (of US shale oil), it is going to plateau and decline. After 2020 there will be a major dominance of Middle East oil.feedback

Saudi Arabia has made substantial efforts to calm down the oil markets by increasing production and slowing prices from going higher.feedback

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